Should You Upgrade Your Home Before You Sell?

October 28th, 2014 admin

Are you ready to sell your home? When it comes down to it, selling your home can be a stressful process, because not only do you have to jump through hoops – you also have to take certain measures to make sure your home is prepared. This not only means cleaning, painting and staging your home, it also means making necessary upgrades. If you want to get the highest offer for your home, you will want to invest the money in making sure all the appliances are new and that you have brand new amenities. Buyers aren’t willing to put down premium prices on a fixer-upper. So, should you upgrade your home before you sell?

First and foremost, you want to decide whether or not you want to offer your home as a fixer-upper. There are a number of reasons why you may want to do this. For one thing, you may not have the money to make certain upgrades. Moreover, you may be selling an inherited home and you are really concerned with making a big profit. If you don’t mind getting lowball offers, you may not have to go through the trouble of updating.

However, if you want to make a profit on your investment – which a lot of people do – you certainly want to put the money and time into updating. Not only will you make your money back on the expenditures you put towards updating, but you may also make a serious return. Moreover, if you want to put your home on the market and sell it quickly, one of the best ways to do this is to make all the necessary upgrades. For instance, the roof should be in good shape, the walls should not have major cracks or inconsistencies, and the exterior of your home should have a fresh coat of paint.

Moreover, it will be easier to partner with a realty firm – like Roche Realty – if your home has the necessary upgrades. Plus, it will be easier for a realty firm to market your home if there are upgrades. For instance, if a prospective buyer inquires about the HVAC system, it will inspire a lot more confidence in the buyer if you tell him or her that the heating and air conditioning system is brand new. The same goes for other new appliances, like an oven or refrigerator. A buyer wants to know that he or she is getting the best package for their money.

In the end, upgrading your home before you sell can be smart for many different reasons. It will allow you to sell your home quicker and it will allow you to get more money for your home. Moreover, the upgrades you make will give a real estate agent more ammo to market your property. If you are worried about the capital, you may want to go slow. You can also spend a few years making updates. When you are done making updates, you can put out the “for sale” sign. In the end, as a homeowner, it is all up to how much you expect to get for your home.